Evotec Wins Grant from Open Philanthropy for Discovery of RNA-Targeting Henipavirus Therapeutics
Portfolio Pulse from Benzinga Newsdesk
Evotec SE has received a $1.7 million grant from Open Philanthropy to discover and develop RNA-targeting small molecules as potential first-in-class therapeutics against Henipaviruses.
June 02, 2023 | 7:15 am
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Evotec SE has been awarded a $1.7 million grant from Open Philanthropy to develop RNA-targeting therapeutics against Henipaviruses.
The $1.7 million grant from Open Philanthropy is a positive development for Evotec SE, as it provides funding for the discovery and development of RNA-targeting therapeutics against Henipaviruses. This could potentially lead to first-in-class treatments, which would be beneficial for the company's growth and reputation in the biotech industry. As a result, the stock price is likely to go up in the short term.
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